$EMR · EMERSON ELECTRIC CO
Emerson Electric entered a pricing agreement on November 10, 2026 for a public offering of €750,000,000 aggregate principal amount of 4.000% Notes due 2032. Notes were sold to underwriters at 99.264% of principal and offered to the public at 99.639%. Net proceeds are expected to be approximately €744.5 million (~$830.4 million), used primarily to repay commercial paper borrowings and for general corporate purposes. Closing is expected November 13, 2026, with the notes to be listed on the NYSE.
- €750M aggregate principal of 4.000% senior unsecured notes due November 13, 2032.
- Issue price 99.264% of principal; public offering price 99.639%.
- Net proceeds ~€744.5M (~$830.4M) to repay commercial paper and general corporate purposes.
- Interest payable annually on November 13, beginning November 13, 2027.
- Underwriters: J.P. Morgan, Citigroup, Merrill Lynch International, and Goldman Sachs.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
A routine debt refinancing that shifts short-term commercial paper into longer-dated euro notes, with no change to Emerson's capital structure risk profile.
Routine investment-grade refinancing; Emerson is using euro-denominated debt to pay down commercial paper, consistent with large-cap industrial balance-sheet management.
Notes are senior unsecured obligations ranking equally with existing unsecured debt; proceeds depend on euro/U.S. dollar exchange rate at settlement.